LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies, Inc. (NYSE Amex: UQM) is pleased to announce
that Mr. Adrian Schaffer has joined UQM as Vice President of Sales and
Business Development. Mr. Schaffer brings a proven track record of
performance as a senior sales executive in several automotive industry
Tier One suppliers and a wealth of contacts and relationships in the
automotive industry developed over his career.

“The addition of Adrian to this
VP level sales and business development position completes our executive
team and complements our existing strengths in engineering and volume
manufacturing of our technologically advanced and energy efficient
products for the emerging clean vehicle markets.”

“We are pleased Adrian has joined the UQM team where his extensive
experience in sales and business development in both domestic and
overseas markets will enhance our ability to penetrate the new global
markets for clean automobiles, trucks, buses and boats with our
automotive qualified high performance and energy efficient electric
propulsion system technology,” said Eric R. Ridenour, UQM Technology’s
President and Chief Executive Officer. “The addition of Adrian to this
VP level sales and business development position completes our executive
team and complements our existing strengths in engineering and volume
manufacturing of our technologically advanced and energy efficient
products for the emerging clean vehicle markets.”

Mr. Schaffer was most recently Vice President of Sales for the
Industrial Commercial & Energy Group (ICE) for Linamar Corporation - a
leading supplier to the global vehicle and mobile industrial equipment
markets. Prior to that, Adrian spent nearly twenty years in senior
executive and sales positions at Motorola where he successfully launched
new technologies that are now a part of the global vehicle marketplace.
Adrian earned his Executive MBA from Michigan State University and has a
Bachelor of Arts degree from Oberlin College.

UQM has announced business agreements to supply Audi, Rolls-Royce and
Saab with electric propulsion systems for pre-production test fleets.
The company has an installed production line capacity of 40,000 units
per year from which it is currently supplying automotive qualified
electric propulsion systems to CODA Automotive for its all-electric
passenger car and to meet the future requirements of its other OEM
customers. UQM also supplies Proterra Inc. with electric propulsion
systems to power their composite transit bus, as well as Electric
Vehicles International (EVI) for its medium-duty delivery vehicles.

About UQM Technologies, Inc.

UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators and power electronic
controllers for the automotive, aerospace, military and industrial
markets. A major emphasis for UQM is developing products for the
alternative-energy technologies sector, including propulsion systems for
electric, hybrid electric, plug-in hybrid electric and fuel cell
electric vehicles, under-the-hood power accessories and other vehicle
auxiliaries. UQM headquarters, engineering, product development center
and manufacturing operation are located in Longmont, Colorado.

This Release contains statements that constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act and
Section 21E of the Securities Exchange Act. These statements appear in a
number of places in this Release and include statements regarding our
plans, beliefs or current expectations, including those plans, beliefs
and expectations of our officers and directors with respect to, among
other things, orders to be received under our supply agreement with CODA
Automotive, future financial results and the continued growth of the
electric-powered vehicle industry. Important Risk Factors that could
cause actual results to differ from those contained in the
forward-looking statements are contained in our Form 10-Q filed October
27, 2011, which is available through our website at www.uqm.com
or at www.sec.gov.